Bitcoin Market Analysis
May 14, 2024
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⚪️TECHNICAL (1D)
BTC has recently broken out of a falling wedge pattern, and today's candle is pivotal. If the candle closes above the wedge, it suggests a bullish sentiment, while a close inside the wedge could signal a bearish trend. Keep a close eye on today's candle close for further insight into market direction.
⚪️WRAP-UP (VIP)
BTC broke out of a falling wedge pattern, but today's candle fell back inside. Watch its close: above suggests bullishness, inside signals bearishness.
$BTC DAILY RANGE:
📈Upper Limit: 63500
📉Lower Limit: 60700
(+-11% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲59000
🔴SHORT
💲65000
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